Starting Dynare (version 6.1).
Calling Dynare with arguments: none
Starting preprocessing of the model file ...
WARNING: M15b.mod:199.1-32: Symbol y declared twice.
WARNING: M15b.mod:199.1-32: Symbol c declared twice.
WARNING: M15b.mod:199.1-32: Symbol k declared twice.
WARNING: M15b.mod:199.1-32: Symbol i declared twice.
WARNING: M15b.mod:199.1-32: Symbol n declared twice.
WARNING: M15b.mod:199.1-32: Symbol y_n declared twice.
WARNING: M15b.mod:199.1-32: Symbol z declared twice.
WARNING: M15b.mod:199.1-32: Symbol r declared twice.
WARNING: M15b.mod:199.1-32: Symbol w declared twice.
WARNING: M15b.mod:199.1-32: Symbol sigma_c declared twice.
Found 10 equation(s).
Evaluating expressions...
Computing static model derivatives (order 1).
Normalizing the static model...
Finding the optimal block decomposition of the static model...
3 block(s) found:
  2 recursive block(s) and 1 simultaneous block(s).
  the largest simultaneous block has 6 equation(s)
                                 and 6 feedback variable(s).
Computing dynamic model derivatives (order 3).
Normalizing the dynamic model...
Finding the optimal block decomposition of the dynamic model...
3 block(s) found:
  2 recursive block(s) and 1 simultaneous block(s).
  the largest simultaneous block has 6 equation(s)
                                 and 6 feedback variable(s).
Preprocessing completed.
Preprocessing time: 0h00m00s.

STEADY-STATE RESULTS:

y       		 1.20574
c       		 0.918739
k       		 14.3499
i       		 0.286998
n       		 0.299385
y_n     		 4.02738
z       		 0
r       		 0.0102486
w       		 2.57753
sigma_c 		 1.5

EIGENVALUES:
         Modulus             Real        Imaginary
            0.95             0.95                0
          0.9708           0.9708                0
            1.04             1.04                0
       2.347e+16       -2.347e+16                0
             Inf              Inf                0

There are 3 eigenvalue(s) larger than 1 in modulus for 3 forward-looking variable(s)
The rank condition is verified.


MODEL SUMMARY

  Number of variables:         10
  Number of stochastic shocks: 1
  Number of state variables:   2
  Number of jumpers:           3
  Number of static variables:  5


MATRIX OF COVARIANCE OF EXOGENOUS SHOCKS
Variables         e_z
e_z          0.000049



MOMENTS OF SIMULATED VARIABLES
VARIABLE              MEAN       STD. DEV.        VARIANCE        SKEWNESS        KURTOSIS
y                 1.199627        0.032425        0.001051        0.010118        0.204895
c                 0.914606        0.015523        0.000241        0.022348        0.000358
k                14.241759        0.360182        0.129731        0.182989       -0.047908
i                 0.285021        0.019904        0.000396        0.006871        0.192286
n                 0.299300        0.001937        0.000004       -0.182514       -0.036171
y_n               4.007785        0.092057        0.008475        0.116014        0.160279
r                 0.010400        0.000517        0.000000       -0.086970       -0.055571
w                 2.570607        0.024623        0.000606        0.164213       -0.032365
sigma_c           1.490830        0.048637        0.002366        0.010118        0.204895


CORRELATION OF SIMULATED VARIABLES
VARIABLE          y        c        k        i        n      y_n        r        w  sigma_c
y            1.0000   0.8902   0.6869   0.9348   0.7022   0.9798  -0.4443   0.4447   1.0000
c            0.8902   1.0000   0.9420   0.6703   0.3043   0.9627  -0.8029   0.8031   0.8902
k            0.6869   0.9420   1.0000   0.3842  -0.0328   0.8181  -0.9560   0.9564   0.6869
i            0.9348   0.6703   0.3842   1.0000   0.9066   0.8453  -0.0976   0.0981   0.9348
n            0.7022   0.3043  -0.0328   0.9066   1.0000   0.5456   0.3231  -0.3231   0.7022
y_n          0.9798   0.9627   0.8181   0.8453   0.5456   1.0000  -0.6141   0.6147   0.9798
r           -0.4443  -0.8029  -0.9560  -0.0976   0.3231  -0.6141   1.0000  -0.9998  -0.4443
w            0.4447   0.8031   0.9564   0.0981  -0.3231   0.6147  -0.9998   1.0000   0.4447
sigma_c      1.0000   0.8902   0.6869   0.9348   0.7022   0.9798  -0.4443   0.4447   1.0000


AUTOCORRELATION OF SIMULATED VARIABLES
VARIABLE         1       2       3       4       5
y           0.9448  0.8908  0.8405  0.7946  0.7500
c           0.9859  0.9706  0.9544  0.9377  0.9200
k           0.9982  0.9944  0.9884  0.9805  0.9709
i           0.9142  0.8312  0.7555  0.6878  0.6228
n           0.9033  0.8105  0.7252  0.6496  0.5783
y_n         0.9640  0.9279  0.8936  0.8613  0.8291
r           0.9914  0.9813  0.9697  0.9570  0.9429
w           0.9915  0.9814  0.9699  0.9572  0.9432
sigma_c     0.9448  0.8908  0.8405  0.7946  0.7500
Total computing time : 0h00m05s
Note: 10 warning(s) encountered in the preprocessor
